Daimler AG’s Chief Executive Dieter Zetsche said he foresees an acquisition for the company’s truck division, reported Dow Jones, citing a report from Germany’s WirtschaftsWoche magazine. In an interview to be published Monday, Zetsche told WirtschaftsWoche that the company is considering the expansion of production capacity in Eastern Europe. A decision on whether a new […]
Producers of construction materials have become the main targets for private equity funds over the last two years in the wake of high growth rates and high profits.
Enterprise Investors, Oresa Ventures and Advent International were all involved in two acquisitions on the construction materials market (estimated to be worth around 6.5 billion euros last year) […]
Swiss group Sandoz, the second-largest player on the global market of generic drugs, is considering relocating its drug re-analysis centre from Germany, with the possible destinations including Romania and Poland.
“Our plans include investments worth one million euros this year. However, there is a very strong possibility that we will receive approval from the European Union […]
Romania’s central bank BNR raised its benchmark interest rate one point, the third consecutive increase, as inflation threatens to accelerate and the local currency weakens. The central bank increased its Monetary Policy Rate to 9 percent, the highest since 2005, from 8 percent, the bank said in an announcement today.
The prices of housing in Bucharest will not decline this year, given that costs entailed by the development of real estate complexes have gone up, due to the increase in the price of land and in labour costs, but there will be corrections for housing facilities whose prices are excessively high, believes real estate company […]
Romanian agricultural firm Interagro and aluminium investment group Vimetco, owner of aluminium producer Alro Slatina, will partner to build a 1,000 MW coal-fired power plant in Turnu Magurele, Teleorman county. The power plant will cost over one billion Euro and is expected to be operational by 2012. Part of the electricity generated will be used […]
Slovenian stocks fell on Friday, bowing to selling pressure, even though optimism returned to most European markets, brokers said. The SBITOP index of the Ljubljana Stock Exchange (LJSE) was down 1.61% to close at 2,237.28 points, and the broader 15-share SBI20 index decreased 1.34% to 10,102.99 points.
Global rating agency Fitch Ratings revised the outlook at Long-term Issuer Default Rating (IDR) of four Romanian banks to negative from stable, following the downgrade of the outlooks on Romania’s Long-term foreign and local currency IDRs to negative.Long-term IDRs of Romania’s largest bank BCR owned by Austria’s Erste, the Romanian unit of French banking group Societe […]
Romania’s gross domestic product (GDP) will grow by a real 6.0% while inflation will slow down to 4.5% in 2009 versus respective estimates of 6.1% and 5.4% this year, Romania’s Banca Comerciala Romana (BCR) said.